One of the biggest blockchain ecosystems in the world is without a doubt, TRON. After being founded by Justin Sun, the TRON project has been making noise recently after $126 million acquisition of software company BitTorrent with over 100 million active users in July last year.
The director of global communications and the TRON Foundation, Cliff Edwards recently spoke in an interview to share his insight on TRON’s vision as well as the ‘strategic thinking’ that pushed the BitTorrent acquisition. Edwards sat down with Adi Karmon Scope who is the co-founder and CSO at Innovesta to discuss the matters.
As Edwards says, there are a lot of crypto enthusiasts who believe that TRON is following in the footsteps of Ethereum and EOS but the project is more focused on how to build a better ‘mousetrap’ instead of trying to reinvent the wheel. Speaking to Scope, Edwards said:
“I will use the vision of Apple. Apple, in a lot of ways, never really innovated on creating something new but they always look at something. Steve Jobs had a great way of doing it – looking at something and say how can I do this better? He’d look at the phone and say look at this phone, how can I do this better? Let’s work on this – and they’d win. They also won not just because they build better hardware but because they had better software and they had a better ecosystem behind them. And if you think about the Tron BitTorrent vision, it’s very much the exact same thing.”
TRON seeks to combine the utility tokens and the blockchain technology behind a stronger user base, which will automatically boost the number of people that are interested in cryptocurrencies.
When discussing Initial Coin Offerings, they said that it wasn’t news that the term had been “dragged into the mud” by several projects with no use case and business model, and it has led to a reduced level of trusts in ICO projects.
With this in mind, Edward highlighted that the upcoming BitTorrent’s BTT token distribution event is not an ICO but it is instead crowdfunding powered by Binance Launchpad. The Launchpad is a new token launch platform from Binance exchange which gives ‘worthwhile’ and promising blockchain projects the opportunity to raise funds from more than ten million Binance users in the crypto space.